2012-12-22
2012-12-30
x CNBC

STATION
CNBC 10
LANGUAGE
English 10

Set Clip Length:


in terms of charter schools, in terms of focusing on stem -- science technology, engineering and math. things that will transform american education, which will transform the american economy. >> that's a good point. and right now, across the country, you're seeing certain areas become rewired for what you're talking about, technology and science. gentlemen, thank you very much. >> thank you. >> great to have you on the program. charles bronfman and jeffrey solomon. >>> up next on "the wall street journal report", what will have an impact on your money. and what a tree and ice have in common. stay with us. tburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day after day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] one pill each morning. 24 hours. zero heartburn. >>> we have some big news to tell you about. beginning in january, we will have a new name. look for "on the money" with maria bartiromo. we'll have some exciting new segments for you, great guests and, of course, i'll

to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. >>> okay. two and a half minutes left. we've talked a lot about the resilience of the markets even in the face of the fiscal cliff market. maybe the market has been taking this in stride. look what happened today. we almost got to 20, the yellow flag area. we haven't been to 20 on the vix since back in july, early july, and today we're up 3.7% at 1928. however, look at a one--year chart of the dow comparing it to the vix. what often happens is when the vix peaks as it did in june and july, that can mark a bottom in the stock market so we're starting to move up again. i'm just saying. not trying to forecast anything and here's what happened today at the dow, sort of falling off here in the latter part of the hour but not off. off the lows of the day. down 21 points. material stocks were the strength today. up 1.5%. everybody else was either unchanged or lower. what do you make of the increased volatility or increased fear here, david darst, as we go into the end of the year

straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. >>> about three minutes left and we're closing out the week near the lows of the week. this is the dow this week, and generally the hopes for a fiscal cliff resolution have been coming down here, and nowhere has it been more evident than just in the last hour. let me show you today's chart of the dow. early on we had the rumors that maybe the president had some new scaled down proposal to offer at the white house meeting, and then our eamon javers reported that that is not the case, and that's what took this market lower, and we're near the lows, down 138 points. my friend ben willis, you've been one of the more optimistic traders on the floor, optimistic we'd get a resolution. willing to buy the dips and now this happened. >> the chart you just showed, mr. obama not buying anything newnew. anybody buying the dips had to puke them out. that's exactly what happened. professional traders, most of which have been in this week, most others on the s

wily... or weird... or wonderfully the market's behaving... which isn't rocket science. it's just common sense. from td ameritrade. >>> less than a week before we go flying over the fiscal cliff, there is still no deal in sight. hampton pearson in washington with the very latest on that. what do you have? >> how you doing? we are down to single digits, seven days and counting if you will, to even get a short-term fiscal cliff deal done. we heard president obama on friday handed what we might call a bare bones plan c ahead of january first. extension of the bush tax cuts for those making $250,000 or less and an extension of unemployment benefits. while it could be a quick turn-around from that hawaiian vacation for president obama and congressional leaders, expectations they could be back in washington later this week, all eyes now on the senate where republicans are split on whether it's possible to make a deal with the obama white house. >> the president's statement is right. no one wants taxes to go up on the middle class. i don't want them to go up on anybody. i'm not in the ma

care about the science and less about the politics. >> do the -- does the specter of any type of price controls for pharmaceuticals, is that on the horizon for this country, or are we -- will we still lead the world in innovation because we won't -- we're not stupid enough to try to figure prices there? >> that's a leading question. >> it is. >> but the one major explicit price control mechanism in obama care is called an ipad board. and i can't -- i cannot remember this early hour what that stands for. but that one is -- if there's going to be anything that's overturned, it will be the ipad board. neither democrats nor republicans like it. it's -- the board, the -- >> independent payment -- >> thank you. the death panel so to speak. but it looks like it's -- >> you agree with me that the innovation has been stifled by not being able to charge what it takes to develop the drug, right? >> well, innovation is a funny thing. it's not necessarily dollar to dollar. i mean, sometimes you can just drop a soda in a -- you know, a petri dish and get penicillin like fleming did. >> that's not th

what happens, which isn't rocket science. it's just common sense, from td ameritrade. >>> i'll tell you, it might be the middle of winter, but it's more like the cast of "some like it hot" here at the exchange. it's in french. i'll let you say the actual name of this group. a group of ballet enthusiasts founded in 1974, professional male dancers. everything from ballet to modern dance, classical, original works. it's definitely adding an air of levity to the occasion. in a couple seconds, the opening bell at the nyse. as we said, at the big board, the ballet from monte carlo. performing until january 6th in new york city. and over at the nasdaq, a group that does a lot of good work at this time of the year, the salvation army. >> some like it hot. >> interesting. >> the birth cage. bird cage. >> looking where we are opening, no surprise to the down side here. initially out of the gate, one of their biggest losers is microsoft, down by more than a percent. we were talking about whether or not there will be any upside to pc sales. a lot of the data points indicated by "the new york times"

what happens, which isn't rocket science. it's just common sense, from td ameritrade. >>> italy's mario monti announcing he would consider seeking a second term as italian prime minister if approached by allies that are committed to actually backing his reforms. michelle caruso-cabrera joins us on set. you can see that andrew was taking some shots. >> a new camera. >> i'm so used to it wherever i go. andrew, we've got the fire behind you. >> it's summer cute. >> the sweater. >> yeah. >> but it's an orange -- i don't understand why it's orange. it's hal weeb. >> it's a red sweater. >> look at it. i know it's coming a little bit orangey. >> on tv. >> okay. >> lovely. thank you. love the guys in the control room. >> so here's italy. silvio berlusconi. your intro was about mario monti which is all true. silvio berlusconi, the former prime minister of italy -- >> my favorite. >> thank goodness for silvio berlusconi. >> look at his hair. what is he, 76? >> 76. he just sat down with cnbc italy over the weekend. silvio berlusconi says he does not want to run for prime minister, but, he is oblig

, and he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. gee you are watching cnbc's "squawk on the street," live from the financial capital on the world. the opening bell set to ring on that balcony in a couple minutes there the big board, west virginia university and syracuse university, the football teams playing in the new era pinstripe bowl at yankee stadium this saturday. i know melissa is going p. >> for sure. we are carpooling, right, carl? >> at the nasdaq, iraq and afghanistan, veterans of america, a non-profit organization with more than 200,000 members. great to see them today as well. a lot of charity this morning, even on the general news morning shows about facebook. if you haven't heard already, randi zuckerberg posted a pitch of her family, thought it was private, somebody saw it on their feed, put it on twitter, she responded angrily saying it was way uncool and beyond human decency and it has raised, once again this argument, debate about privacy settings and whether or not you should tru

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